Community banking
Community banking
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Polonia Bancorp (PBCP) in Huntingdon Valley, Pa., has postponed its stock sale and conversion to a stock company after a regulatory exam revealed compliance problems.
October 4 -
State Bank Financial in Atlanta has added retired Air Force Maj. Gen. Robert McMahon to its board of directors, and CEO Joe Evans explains why.
October 4 -
The $11.5 billion-asset unit of Umpqua Holdings (UMPQ) said Thursday it would open a flagship store in San Francisco's financial district.
October 4 -
Farmer Mac announced late Wednesday that its board has named Chief Financial Officer Timothy L. Buzby as its president and chief executive, effective immediately.
October 4 -
Some private-equity investors are rushed to exit their banking investments, but the growth prospects of EverBank Financial in Jacksonville, Fla., should keep its moneymen patient, CEO Robert Clements says.
October 4 -
Bank of Virginia in Midlothian, Va., is moving to shore up its stock price.
October 4 -
It's been a long, steady decline for mutual thrifts across most of the nation. That isn't the case in Maine, where an aversion to outsiders benefits home-grown mutuals.
October 4 -
Citing changes in the regulatory landscape — as well as tepid loan demand — banks are suddenly showing more interest in a decades-old program that allows them to indirectly invest in small businesses.
October 4 -
C1 Bank of Lakewood Ranch, Fla., may be requiring U.S. Century Bank in Doral, Fla., to unload some troubled loans prior to C1's pending purchase of the struggling lender.
October 4 -
The Federal Reserve Bank of San Francisco has terminated a memorandum of understanding with Wilshire Bancorp (WIBC) in Los Angeles.
October 4 -
Seth Waller, most recently a consumer credit officer at U.S. Bancorp, has joined EverBank in Jacksonville, Fla., as its first chief credit officer.
October 4 -
The payment hierarchy is dynamic. Lenders using historical payment models to set strategy risk significant exposure on their existing loan portfolios as well as on acquisition opportunities when consumer preferences inevitably shift.
October 3 -
The future is bright for mortgage servicers, but his PE firm agreed to sell Homeward Residential to Ocwen because it had held the investment long enough — and owning stock in a bigger servicer will pay off, billionaire Wilbur Ross said.
October 3 -
Small-bank executives sound call for stronger firewalls between financial activities, but many say a straight return to the Depression-era law could have unintended consequences, including to their own business.
October 3 -
Farmers & Merchants Bank in Timberville, Va., is expanding its footprint in the Shenandoah region.
October 3 -
More community banks are paying vendors for online courses that teach workers about the raft of new regulations, how to be a manager and other topics. The new way is cheaper and faster, but has drawbacks.
October 3 -
Frost Bank in San Antonio and the Baker Group, a securities firm in Oklahoma City, have agreed to share their bank clients with each other.
October 3 -
The Federal Reserve Board has terminated an enforcement action against West Concord Bancshares in Minnesota.
October 3 -
The privately held investment firm, based in Birmingham, Ala., is buying FBC Mortgage of Orlando, Fla., a unit of Florida Bank of Commerce, for undisclosed terms, the companies said Tuesday.
October 3 -
Ocwen Financial in Atlanta has agreed to buy Homeward Residential Holdings from WL Ross & Co. for $750 million in cash and stock.
October 3



